SHANGHAI, Apr. 20 (SMM) – SHFE 1606 lead opened at RMB 13,295/mt Tuesday evening, reaching RMB 13,505/mt, and closed at RMB 13,460/mt, up RMB 165/mt or 1.24%.
SHFE 1606 lead contract prices slumped to RMB 13,325/mt after opening today, then rallied and closed at RMB 13,450/mt, up RMB 155/mt or 1.17%. Trading volumes were up 3,882 to 13,162, and positions increased 270 to 16,300. SHFE 1606 lead will unlikely rise significantly against the weak market fundamentals.